Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Smith & Howard Wealth Management LLC

Smith & Howard Wealth Management LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 930.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,109 shares of the oil and gas company’s stock after buying an additional 28,089 shares during the period. Exxon Mobil makes up approximately 1.0% of Smith & Howard Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Smith & Howard Wealth Management LLC’s holdings in Exxon Mobil were worth $3,647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Massachusetts Financial Services Co. MA boosted its stake in shares of Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after acquiring an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA acquired a new position in Exxon Mobil in the 2nd quarter valued at $980,210,000. International Assets Investment Management LLC increased its holdings in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after buying an additional 6,805,982 shares during the last quarter. Capital International Investors increased its holdings in shares of Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after buying an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $119.49 on Monday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market capitalization of $471.15 billion, a PE ratio of 14.29, a P/E/G ratio of 5.00 and a beta of 0.89. The company’s 50 day simple moving average is $117.54 and its 200 day simple moving average is $116.43.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the business posted $1.94 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. Exxon Mobil’s dividend payout ratio (DPR) is 45.45%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 8th. Wolfe Research started coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.44.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.